Citizens’ Wealth

Angela Cummine, political theorist at Oxford University and Director of the Wealth Project, discusses the history and thought behind modern day sovereign wealth funds, asking the question: What measures are needed to ensure that the management of sovereign funds truly reflects, promotes and protects the interests and values of their citizen-owners? For the full podcast, click here.

Rolando Ossowski and Håvard Halland on the Economics of Sovereign Wealth Funds

Many countries have set up sovereign wealth funds (SWFs) as vehicles for public saving and wealth management. The majority of SWFs are in resource-exporting countries; frequent objectives are macroeconomic and fiscal stabilisation, inter-temporal transfer of wealth, and national development. Some resource funds hold assets equivalent to several multiples of GDP, but many funds are relatively small. The evidence shows that the design and operation of a SWF can help or encumber economic management and wealth preservation.